SEC’s Munter warns of ‘purported’ crypto audits

The SEC’s chief accountant called out the practice by which some crypto companies pay for less “precise” reviews of their business that they misrepresent to investors as audits.

By Maura Webber Sadovi • July 28, 2023

Cybersecurity, IT top CFOs’ spending hike list

AI in particular has caught CFOs’ eyes as a potential game changer in a number of areas, including content creation and summarization, according to Grant Thornton.

By Alexei Alexis • July 28, 2023

Explore the Trendline➔

CFO best practices: lessons from the trenches

Leaders share operational and strategic learnings from their years in the top finance seat.  

By CFO Dive staff

Walgreens hunts for new CFO with healthcare experience

The pharmacy chain’s controller will take the CFO seat on an interim basis as Walgreens embarks on an aggressive cost-saving plan.

By Grace Noto • July 28, 2023

GameStop CFO resigns after about a year

Diana Saadeh-Jajeh’s departure, effective Aug. 11, extends the streak of executive turnover at the retailer.

By Nate Delesline III • July 28, 2023

Bed Bath & Beyond’s Etlin: Lessons for CFOs staring down bankruptcy

With the messy task of closing hundreds of Bed Bath & Beyond stores poised to be completed this month, the home-goods retailer’s Holly Etlin reflects on her role as a kind of “uber CFO.”

By Maura Webber Sadovi • July 27, 2023

Hertz interim CFO lands permanent gig

Alexandra Brooks was promoted to the car rental company’s top finance post after being named interim CFO in March and serving as its chief accounting officer since 2020.

By Alexei Alexis • July 27, 2023

Most accounts receivable teams are behind schedule: survey

Fraud and missing information are some of the culprits behind slow invoice payments, Versapay CFO Russell Lester said.

By Chris Gaetano • July 26, 2023

SEC votes to overhaul disclosure rules for material cyber events

After a fierce debate, the agency voted to require companies to come clean on material breaches and attacks within four business days of determination.

By David Jones • July 26, 2023

Alphabet’s ‘longest-serving’ CFO Ruth Porat pivots to new role

One of Silicon Valley’s highest-profile CFOs, Ruth Porat is stepping down from the tech giant’s top finance position after eight years to become president and chief investment officer.

By Maura Webber Sadovi • July 25, 2023

How CFOs and businesses can get (or stay) ahead of rising rates

The Federal Reserve is widely expected to raise the benchmark rate again this week. Finance executives must adjust their strategies, PwC’s Wes Bricker asserts.

By Wes Bricker • July 25, 2023

Bath & Body Works picks CVS, Merck alum for CFO

Eva Boratto joins the Columbus, Ohio-based personal products maker — long a familiar storefront inside many retail properties — as it shifts away from malls.

By Maura Webber Sadovi • July 25, 2023

NVIDIA exec: banks must prep for AI boom

While generative AI has potential, this “new generation of AI doesn't run well, at all, on the current computer infrastructure that banks have,” NVIDIA’s Malcolm DeMayo said. 

By Grace Noto • July 25, 2023

UPS, Teamsters reach tentative agreement on national contract

The tentative deal is a welcome development for the shippers and businesses that rely on UPS. The agreement still needs to be reviewed and voted on by union-represented employees.

By Max Garland • July 25, 2023

Finance tech startup Bunker raises $5M

The funds will be invested toward product development, growing the company’s team and accelerating its “go-to-market strategy,” according to Bunker CEO Shivom Sinha.

By Alexei Alexis • July 25, 2023

Six ways FedNow may affect businesses’ cash flow

Touted as the biggest upgrade to the U.S. government’s payment system in 50 years, FedNow launched Thursday. CFOs need to get ready for it.

By Suman Bhattacharyya • July 24, 2023

Chevron taps CTO for finance chief

Chevron’s CTO will take its top finance seat in 2024, the company announced Sunday among a series of senior leadership shifts.

By Grace Noto • July 24, 2023

Zaxby’s snaps up Dollar General, Yum Brands alum for CFO

Donny Lau was named finance chief of the Athens, Georgia-based chicken chain which aims to grow well beyond its Southern roots. It has locations in 17 states.

By Maura Webber Sadovi • July 24, 2023

Investigations are causing data breach costs to skyrocket, IBM finds

Organizations are under mounting pressure to conduct more thorough investigations as the complexity of data breaches grow.

By Matt Kapko • July 24, 2023

Chewy names interim CFO to replace retiring Mario Marte

Marte, 47, is stepping down from the pet food retailer’s CFO seat later this month. He helped take the e-commerce powerhouse public in 2019.

By Maura Webber Sadovi • July 21, 2023

SPAC planning Trump Media buy settles SEC fraud charges

The SEC’s fraud investigation was a major hurdle for the merger deal, which was proposed in 2021.

By Alexei Alexis • July 21, 2023

One CFO’s stealth IPO market tests

“Bake-offs” and confidential filings can clue executives in on their company’s prospects well ahead of going public, Clearwater Analytics CFO Jim Cox says.

By Maura Webber Sadovi • July 20, 2023

XPO taps in-house finance leader for CFO seat

The XPO finance chief is leaving for another opportunity after less than a year at the freight transport service.

By Alexei Alexis • July 20, 2023

Datarails rolls out ChatGPT-style FP&A tool

The new tool seeks to help finance teams deliver insights needed for business decisions more quickly. It uses the same kind of technology that’s behind Microsoft-backed OpenAI’s ChatGPT solution.

By Alexei Alexis • July 19, 2023

Software training, mentorship can boost finance team effectiveness

The more familiar finance employees are with their software, the more they can provide the data necessary for their CFOs to be a key voice for the business, Prophix’s Susan Gershman said.

By Grace Noto • July 19, 2023

Cardlytics taps CLEAR alum for finance chief

Alexis DeSieno, a veteran of biometric identification company CLEAR, takes Cardlytics' finance reins as the company grapples with a continuing slump in digital advertising.

By Grace Noto • July 18, 2023